Dow Chemical celebrates with customers and local authorities the 5th anniversary of production launch in Ramenskoye, Russia, reported the company on its site.
Registered in 2003 and with the first batch produced in 2008, LLC FINNDISP, affiliate of The Dow Chemical Company, is a recognized supplier in Russia and CIS of polymer dispersions used in variety of applications ranging from scotch packaging, to architectural and industrial coatings, and applied as lubricants in primers and water-based adhesives.
"The manufacturing facility in Ramenskoye is one of Dow’s key assets in Russia and CIS - a region where we have been continuously present for almost 40 years," commented Peter de Groot, country manager of Dow in Russia and CIS. "Our Ramenskoye plant is state of the art and has high quality and EH&S standards - which is the outstanding achievement and result of hard work and continued commitment of every single employee. We are extremely proud to welcome today our customers and local authorities at our premises to share the excitement and jointly celebrate the business success," concluded Peter.
"5 years of sustainable operations is a significant milestone for our company, every single employee, our customers and the local community of Ramenskoye. During these years we have been providing our customers with the differentiation they need to succeed, earning their respect daily," said Sergey Bendenko, general director and site leader of LLC FINNDISP.
Employees, customers, local authorities and journalists attended the official ceremony, held on June 26, 2013 at the site location in Ramenskoye, Moscow Region. The attendees were also invited to join the plant tour and learn more about the manufacturing process, product portfolio and various applications in the industry.
With almost 40 years of continued presence in Russia and CIS, and supported by its experience, size and global presence, Dow is passionately committed to further developing closer partnership with the local companies to keep growing the business, while significantly accelerating the growth of the chemical industry in the region and to jointly increasing its competitiveness in an international context.
In 2012, Dow in Russia and CIS had annual sales of over USD700 million. In addition to its representation offices in Moscow and Sochi (Russia), Kiev (Ukraine) and Astana (Kazakhstan), the company has two manufacturing facilities in Ramenskoye (Moscow Region) for the production of additives for paints and coatings, and in Vladimir where the Dow Izolan joint venture company inaugurated in 2009 its new, large and state-of-the-art manufacturing plant for the production of polyurethane systems.
We remind that, as MRC informed previously, the chemical producer had already unveiled plans to shut 20 facilities and eliminate 2,400 jobs in Europe, the U.S. and Japan. It also is trimming capital expenditure as part of efforts to boost cost savings to USD2.5 billion from a target that had already been doubled to USD1.5 billion over the past year.
The Dow Chemical Company is an American multinational chemical corporation headquartered in Midland, Michigan, United States. Dow is a large producer of plastics, including polystyrene, polyurethane, polyethylene, polypropylene, and synthetic rubber. In 2012, Dow had annual sales of approximately USD57 billion. The company's more than 5,000 products are manufactured at 188 sites in 36 countries across the globe.